Explosive soybean price picture forming, analyst says
Weather in South America is the main grain fundamental in December and January. This is the rainy season for South America, when the soybean yield potential is either enhanced, or reduced. So far this year, it looks like the yield is being reduced as rather dry weather is occurring in central Brazil. In addition, crop forecasts are being reduced by private firms all over the world. USDA cut Argentina’s corn and soybean production forecasts slightly in the December report, but Brazil so far was left unchanged. SAM weather forecasts, as of mid-December, are still supportive ...
Source: agriculture.com